News > Govt doesn't want to run Vodafone Idea; existing promoters to manage operations: CEO

Govt doesn't want to run Vodafone Idea; existing promoters to manage operations: CEO

The Hindu | 12/01/2022 05:03 PM | Click to read full article

Vodafone Idea Ltd. CEO on Wednesday said the government had made its position amply clear that it does not want to run the telco, and added that existing promoters are fully committed to managing and running the company's operations.

The statement comes after Vodafone Idea’s shares crashed following its decision of converting about ₹16,000 crore interest dues liability payable to the government into equity.